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☆ The AI behind ChatGPT really does seem to be getting dumber — but no one can quite figure out why
▼ + stars: | 2023-07-19 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

It's not just you: new research suggests ChatGPT's AI model really is getting dumber. There's been a growing feeling for a while now that the AI model behind ChatGPT is, frankly, getting dumber. No one can quite figure out why GPT-4 is changingWhat the research doesn't seem to identify is why this performance drop has happened. As the AI model underlying a more advanced version of ChatGPT, one that paying subscribers get access to, that's a bit of a problem for OpenAI. That said, it's hard to ignore the questions of quality surrounding GPT-4 when a whole community of AI devotees is asking them.

Persons: It's, There's, OpenAI, Ethan Mollick, Wharton, OpenAI hasn't, Peter Yang, Alistair Barr, Peter Welinder, tweeting, Matei Zaharia, —, Arvind Narayanan Organizations: Stanford, UC Berkeley, Morning, Stanford University, UC Berkeley — Locations: Princeton, GPT

July 14 (Reuters) - Roblox Chief Business Officer Craig Donato is leaving gaming and metaverse company Roblox (RBLX.N), the company told Reuters on Friday. Donato has been at Roblox nearly seven years and will be departing at the end of the summer, the company said. The company said it promoted Christina Wootton to Chief Partnerships Officer, who will oversee all the company's business relationships, in the wake of Donato's imminent departure. Wootton has been at the company since 2014 and has worked with large brands and corporations including Gucci, Nike, Netflix and Disney to develop a presence in the Roblox metaverse, the company said. "We firmly believe that all brands will eventually have a presence on Roblox," Wootton said in a statement.

Persons: Craig Donato, Donato, Christina Wootton, Wootton, Arvind KC, Anna Tong, Edmund Klamann Organizations: Reuters, Gucci, Nike, Netflix, Disney, People, Systems, Thomson Locations: Roblox, San Francisco

☆ My wife and I left Los Angeles for Indiana. Our rent was cut in half, we enjoy a better quality of life, and I'm part of a vibrant tech ecosystem.
▼ + stars: | 2023-07-15 | by ( Robin Madell | ) www.businessinsider.com time to read: +1 min

Arvind Murthy and his wife moved from Irvine, California to Zionsville, Indiana in 2022. When they moved to Indiana, they were afraid there wouldn't be a lot to do, he said. They discovered charming food and culture, and a burgeoning Hard Tech scene. In December 2022, I relocated from the perpetual dynamism of the Los Angeles tech scene to the tranquil serenity of Zionsville, Indiana. I collaborate with hard-tech and climate-tech entrepreneurs in my current role and I'm committed to fostering innovation in Indiana's burgeoning Hard Tech alley while enjoying the serene backdrop of my new home.

Persons: Arvind Murthy, It's, I'm Organizations: Tech, Service, Los, Hard Tech Locations: Irvine , California, Zionsville , Indiana, Indiana, Wall, Silicon, Los Angeles

☆ New Delhi sees flooding after broken regulator causes river water to flow into city
▼ + stars: | 2023-07-14 | by ( ) www.reuters.com time to read: +1 min

[1/6] Traffic moves through a flooded road, after a rise in the waters of river Yamuna due to heavy monsoon rains, in New Delhi, India, July 14, 2023. REUTERS/Adnan AbidiNEW DELHI, July 14 (Reuters) - Several areas of India's capital New Delhi remained inundated on Friday after water from the Yamuna river, which runs through the city, flowed in through a broken drain regulator, authorities said. Roads surrounding Rajghat - a memorial dedicated to Mahatma Gandhi - were inundated, with water also flowing into the memorial area itself. The city's ITO area, which houses several private and government offices, including the headquarters of the Delhi Police, was also flooded. Reporting by Sakshi Dayal; Additional reporting by Tanvi Mehta; Editing by Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

Persons: Adnan Abidi, Arvind Kejriwal, Mahatma Gandhi, ITO, Sakshi Dayal, Tanvi Mehta, Raju Gopalakrishnan Organizations: REUTERS, Reuters, Force, Delhi Police, Thomson Locations: New Delhi, India, DELHI, Indraprastha, Delhi

A tributary of the mighty Ganges River, the Yamuna River breached the “high flood level” mark on Wednesday for the first time in 45 years, according to the Central Water Commission. Adnan Abidi/ReutersThe river overflowing has also led to school and office closures, along with likely water shortages, Delhi Chief Minister Arvind Kejriwal said. Members of the National Disaster Response Force (NDRF) evacuate stranded residents from a flooded locality, after a rise in the water level of the Yamuna River, in New Delhi on July 13, 2023. People rescue cows from a flooded locality after a rise in the water level of the Yamuna River due to heavy monsoon rains, in New Delhi on July 13, 2023. Trucks are seen partially submerged in a flooded street after the Yamuna River overflowed due to monsoon rains, in New Delhi on July 13, 2023.

Persons: Atishi Marlena, ”, Marlena, Adnan Abidi, Arvind Kejriwal, Kejriwal, Money Sharma Organizations: New, New Delhi CNN, Central Water Commission, Public Works Department, Force, CNN, Response Force, Reuters Transport, state’s, Getty Locations: New Delhi, India’s, Haryana, Delhi, India, Himachal Pradesh, Uttarakhand, Khoh, Pauri, Punjab, Uttar Pradesh

☆ Floods force Indian capital to shut schools, offices, and plan water rationing
▼ + stars: | 2023-07-13 | by ( ) www.reuters.com time to read: +3 min

[1/7] Men walk across a road flooded due to the high water level of the river Yamuna after heavy monsoon rains, New Delhi, India, July 13, 2023. Video footage showed submerged roads in the downtown area, where government and private companies' offices are located, with water half-way up the sides of parked cars. "Due to closure of water treatment plants, the supply of water will be affected by up to 25%. Flash floods in the state over the weekend brought down a bridge and washed away several clusters of hutments. Roads have been washed away during heavy rains in the mountainous Uttarakhand state, its chief minister told reporters on Wednesday.

Persons: Adnan Abidi, Arvind Kejriwal, Kejriwal, Krishna N, Shivam Patel, Simon Cameron, Moore Organizations: REUTERS, India Meteorological Department, Civil, Das, Thomson Locations: New Delhi, India, DELHI, Delhi, Himachal Pradesh, Haryana, Uttarakhand

Thousands of people were evacuated from their homes in Delhi on Thursday after the authorities warned of widespread flooding following days of torrential rains that have battered large swaths of northern India. That forced the chief minister of the capital region, Arvind Kejriwal, to shut schools and convert them into disaster relief camps. Many migrant workers, who live on the banks of the river, were camping on the roads alongside it as their makeshift homes were swallowed by the water. Many others were looking for shelter as water enveloped sections of residential areas and historical sites like the Red Fort. So far this monsoon season, officials said, landslides and flash floods have claimed at least 91 lives in six north Indian states near Delhi, and disrupted millions of others.

Persons: Arvind Kejriwal Organizations: Central Water Commission Locations: Delhi, India

☆ New Delhi evacuates hundreds over risk of flooding after record rainfall
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: +2 min

[1/4] Residents wait to climb on a flyover under construction, after being displaced by the rising water level of river Yamuna after heavy monsoon rains in New Delhi, India, July 12, 2023. REUTERS/Adnan AbidiNEW DELHI, July 12 (Reuters) - India's capital New Delhi on Wednesday began evacuating hundreds of residents over the risk of flooding as record rainfall has swelled water levels in a river that runs through the city, its chief minister said. States near Delhi have received record rainfall so far this monsoon season that started June 1, with Punjab and Himachal Pradesh recording 100% and 70% more rainfall than average respectively, the India Meteorological Department (IMD) said. Delhi too has recorded 112% above-average rainfall so far, according to the IMD. Reporting by Shivam Patel in New Delhi; editing by Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.

Persons: Adnan Abidi, Arvind Kejriwal, Kejriwal, Shivam Patel, Mark Heinrich Our Organizations: REUTERS, Wednesday, India Meteorological Department, IMD, Thomson Locations: New Delhi, India, DELHI, Delhi, Punjab, Himachal Pradesh

CNN —Heavy rains brought deadly floods to northern India on the weekend as the country’s capital marked its wettest July day in more than 40 years, according to authorities and local reports. The Indian Meteorological Department said New Delhi received 153 millimeters (6 inches) of rain on Sunday, making it the city’s wettest July day since 1982. On Sunday, the department issued red alerts, indicating the highest threat level, for the northern states of Himachal Pradesh, Uttarakhand, Punjab and Haryana. Landslide warnings were also issued for Uttarakhand and Himachal Pradesh. Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu asked residents Monday to stay home for the next 24 hours.

Persons: Sukhvinder Singh Sukhu, ” Sukhu, Arvind Kejriwal Organizations: CNN, Indian Meteorological Department, “, Meteorological Department, New Delhi’s, ” Locations: India, Himachal Pradesh, Delhi, Uttarakhand, Punjab, Haryana, Kullu district, Chandigarh, Rajasthan, Uttar Pradesh, New Delhi, New, Gurugram

☆ These are the 3 biggest fears about AI — and here's how worried you should be about them
▼ + stars: | 2023-07-07 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +5 min

Some AI experts say we're barreling headfirst toward the destruction of humanity. Current AI systems are not sentient but they are created to be humanlike. "We need to look at the lack of purpose that people would feel at the loss of jobs en masse," he told Insider. AI biasIf AI systems are used to help make wider societal decisions, systematic bias can become a serious risk, experts told Insider. There have already been several examples of bias in generative AI systems, including early versions of ChatGPT.

Persons: Sam Altman, OpenAI, we're, David Krueger, it's, I'm, Alan Turing, Janis Wong, Aaron Mok, Krueger, Abhishek Gupta, Arvind Krishna, Gupta, Wong Organizations: Center, AI Safety, Cambridge University, Montreal AI, IBM Locations: Montreal

☆ AI is already linked to layoffs in the industry that created it
▼ + stars: | 2023-07-04 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +6 min

Some 212,294 workers in the tech industry have been laid off in 2023 alone, according to data tracked by Layoffs.fyi, already surpassing the 164,709 recorded in 2022. But in the shadow of those mass layoffs, the tech industry has also been gripped by an AI fervor and invested heavily in AI talent and tech. Roger Lee, a startup founder who has been tracking tech industry layoffs via his website Layoffs.fyi, also runs Comprehensive.io, which examines job listings and compensation data across some 3,000 tech companies. Those looking to thrive in the tech industry and beyond may need to brush up on their AI skills. It’s not that everyone needs to become AI specialists, Wang added, but rather that workers should know how to use AI tools to become more efficient at whatever they’re doing.

Persons: Arvind Krishna, Barrons, Krishna, Dropbox, ”, Drew Houston, “, Dan Wang, ” Wang, Mark Zuckerberg, Roger Lee, Lee, Wang, It’s, That’s Organizations: CNN, Bloomberg, Columbia Business School, Layoffs.fyi, Microsoft, Machine Locations: OpenAI, Silicon Valley

☆ IBM to acquire software company Apptio for $4.6 billion
▼ + stars: | 2023-06-26 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

IBM CEO Arvind Krishna speaks at a panel session at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2023. IBM on Monday announced it will acquire the software company Apptio from Vista Equity Partners for $4.6 billion. IBM said in a release that Apptio will help it advance its application management, optimization and observability offerings. "Technology is changing business at a rate and pace we've never seen before," IBM CEO Arvind Krishna said in the release. Apptio will be acquired with cash, and IBM said the deal is expected to close in the latter half of this year.

Persons: Arvind Krishna, Apptio, we've Organizations: Economic, IBM, Monday, Vista Equity Partners, Microsoft, Google Locations: Davos, Switzerland

☆ These are the 3 biggest fears about AI. Do they really stack up?
▼ + stars: | 2023-06-17 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +5 min

An AI takeoverOne of the most commonly cited risks is that AI will get out of its creator's control. Current AI systems are not sentient but they are created to be humanlike. "We need to look at the lack of purpose that people would feel at the loss of jobs en masse," he told Insider. AI biasIf AI systems are used to help make wider societal decisions, systematic bias can become a serious risk, experts told Insider. There have already been several examples of bias in generative AI systems, including early versions of ChatGPT.

Persons: Sam Altman, OpenAI, we're, David Krueger, it's, I'm, Janis Wong, Alan Turing, Aaron Mok, Krueger, Abhishek Gupta, Arvind Krishna, Gupta, Wong Organizations: Center, AI Safety, Cambridge University, Alan Turing Institute, Montreal AI, IBM Locations: Montreal

☆ Diageo's long-time boss Ivan Menezes dies after brief illness
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +2 min

June 7 (Reuters) - Diageo (DGE.L) on Wednesday said long-time boss Ivan Menezes, who held the CEO role at the world's biggest spirits company for 10 years, had died after a brief illness. The 63-year-old, who was set to retire at the end of this month, was in hospital receiving treatment for conditions including a stomach ulcer, the Johnnie Walker whisky maker announced this week. British-American national Menezes, born in the Indian city of Pune, joined Diageo after its formation through the merger of Guinness and Grand Metropolitan in 1997. The executive, who was behind the "Keep Walking" campaign for Johnnie Walker when he was marketing head, previously held roles at Whirlpool and Nestle. Menezes, who was awarded a knighthood this year, is survived by his wife and two children.

Persons: Ivan Menezes, Johnnie Walker, Debra, Menezes, Ivan, Javier Ferrán, Julio, Arvind Subramanian, Subramanian, Menzes, Eva Mathews, Sinchita Mitra, Dhanya Skariachan, Sherry Jacob, Phillips, David Evans Organizations: Diageo, American, Guinness, Grand Metropolitan, Whirlpool, Nestle, Government of, Indian Institute of Management, Thomson Locations: Indian, Pune, Government of India, Ahmedabad, India, Bengaluru

☆ Job listings asking for generative AI skills are soaring, analysis finds
▼ + stars: | 2023-06-07 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Job ads citing generative AI increased to 1,496 in May compared to just over 100 in January. Corporate America has been keen to show it's on top of the AI trend. Job listings asking for generative AI skills are on the rise, a new analysis from job search engine Adzuna has found. Among these, ads citing generative AI grew to 1,496 as of May this year compared to 185 job listings in January, and just three in May 2022. In an early analysis, Goldman Sachs predicted Generative AI could lead to significant upheaval in the labor market, affecting around 300 million jobs globally.

Persons: Adzuna, ChatGPT, James Neave, Neave, Insider's Aaron Mok, Goldman Sachs, Arvind Krishna Organizations: Corporate America, ChatGPT

☆ A copywriter who was laid off without an explanation says she was replaced by ChatGPT, report says
▼ + stars: | 2023-06-05 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

A copywriter, laid off without explanation, says ChatGPT replaced her role. She told The Washington Post that her work assignments dried up after the chatbot launched. AI-powered products are causing concern among employees who worry the new tech will replace them. A copywriter, who was let go by her company without an explanation, says she was replaced by ChatGPT, The Washington Post reported. 25-year-old Olivia Lipkin, who is based in San Francisco, was laid off from a tech startup in April, per The Post.

Persons: ChatGPT, Olivia Lipkin, Olivia, Slack, Lipkin, I'm, that's, Arvind Krishna, OpenAI Organizations: Washington Post, Morning, The Washington Post, IBM Locations: The, San Francisco

☆ India home prices set to stay above inflation: Reuters poll
▼ + stars: | 2023-06-05 | by ( Vivek Mishra | ) www.reuters.com time to read: +2 min

Summary poll dataBENGALURU, June 5 (Reuters) - Home prices in India are set to hold above consumer inflation, even though interest rates are expected to stay higher for longer than previously thought, a Reuters poll of property analysts found. The May 16-June 1 poll of 12 property analysts predicted national home prices would reach a median 6.0% this year, a modest upgrade from the 5.5% expected in a March survey. "The interest rate cycle is near its end," Arvind Nandan, managing director of research at Savills India, said. Rates are set to stay at 6.50% for the rest of 2023 and start falling early next year. All analysts who answered an additional question said they were bullish about the housing market outlook.

Persons: Arvind Nandan, Anuj Puri, Rohan Sharma, Vivek Mishra, Veronica Khongwir, Madhumita Gokhale, Hari Kishan, Ross Finley, Barbara Lewis Organizations: Reserve Bank of, JLL Research, Thomson Locations: BENGALURU, India, Reserve Bank of India

☆ C3.ai shares slide as revenue forecast fails to live up to AI hype
▼ + stars: | 2023-06-01 | by ( ) www.reuters.com time to read: +2 min

June 1 (Reuters) - Shares of C3.ai Inc (AI.N) dropped nearly 20% in premarket trading on Thursday after the AI software maker's quarterly revenue forecast missed estimates, dampening some of Wall Street's recent euphoria around AI-linked stocks. AI analytics firm BigBear.ai (BBAI.N), conversation intelligence firm SoundHound AI (SOUN.O) and Thailand's security firm Guardforce AI (GFAI.O) were down between 0.5% and 7.5%. The midpoint of C3.ai's full-year revenue forecast was $307.50 million, below Wall Street expectations of $317.1 million, according to Refinitiv data. The company, however, said it had received bookings from diverse industries, benefitting from the strong AI software demand and remained on track to post a profit by the end of April 2024. Average Wall Street rating was "hold".

Persons: We've, we've, Canaccord Genuity, Piper Sandler, Arvind Ramnani, Medha Singh, Vansh Agarwal, Rashmi Organizations: Nvidia, Thomson Locations: Wall, Redwood City , California, Bengaluru

New Delhi CNN —A 16 year-old girl was brutally stabbed and bludgeoned to death in a busy public alleyway in India’s capital on Sunday, sparking renewed outrage over the safety of women in the country and violence perpetrated by men. Sahil, a mechanic, was detained in Bulandshahr in neighboring Uttar Pradesh state, Ravi Kumar Singh, Deputy Police Commissioner for Outer Delhi, told reporters on Monday. Swati Maliwal, chairperson of the Delhi Commision for Women, told ANI she’s never seen such a frightening incident. The frequency of crimes against women in India also appears to be increasing. “We learn to live with this kind of situation in our country which is very unfortunate,” Bhayana told CNN.

☆ CEOs see ChatGPT as an 'Ozempic' miracle drug that can cut costs and boost efficiency. Right now, they're wrong.
▼ + stars: | 2023-05-30 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Ozempic and ChatGPT have blown up in the year of the cure-all. As Justine Moore, investment partner at Silicon Valley VC firm a16z, tweeted this month: "By 2025, America is going to run on Ozempic and ChatGPT." CEOs running businesses that have nothing to do with AI are talking about ChatGPT during their quarterly earnings calls. But like Ozempic, AI comes with side effects. Samsung banned its employees from using generative AI tools after finding some of its engineers accidentally leaked internal source code by uploading it to ChatGPT in April.

☆ The AI boom could go one of 2 ways, and the path companies choose could make or break the US workforce
▼ + stars: | 2023-05-28 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +9 min

Businesses are expected to use AI to boost productivity and their profits. The adoption of AI could mean higher wages for workers — or that they lose their jobs altogether. In the years ahead, generative AI including ChatGPT could disrupt — not necessarily replace — 300 million full-time jobs across the globe, according to Goldman Sachs. Over the next decade, that AI productivity boost could increase S&P 500 profits by 30% or more, Ben Snider, a senior strategist at Goldman Sachs, told CNBC last week. "AI will make superstar companies more productive and profitable, but those profits might be achieved at the expense of other companies," he said.

☆ VC firm Sequoia is pulling out all the stops to dominate AI, insiders say. The firm is using everything from 'speed dating' to star studded summits to woo founders.
▼ + stars: | 2023-05-22 | by ( Stephanie Palazzolo | Ben Bergman | ) www.businessinsider.com time to read: +10 min

It's just one move of many the VC firm has taken to cement its position in the white-hot AI space. Huang and Grady wrote a public blog post on Sequoia's website inviting AI founders to email them their ideas and pitches directly. But the firm has been louder where it counts, investing in splashy AI startups like Harvey and LangChain. Every member of the firm, from managing partner Roleof Botha on down, has made AI a top priority, with Grady, Huang, and Buhler most prominently involved. Both Huang and Buhler now spend over 90% of their time researching AI companies, versus 50% in previous years, they said.

☆ Watch CNBC's full interview with IBM CEO Arvind Krishna
▼ + stars: | 2023-05-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with IBM CEO Arvind KrishnaIBM CEO Arvind Krishna joins 'Closing Bell Overtime' to discuss IBM's latest moves in the A.I. space, the impact of A.I. on the workforce, and more.

☆ IBM takes another shot at Watson as A.I. boom picks up steam
▼ + stars: | 2023-05-09 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

About 15 months ago, IBM sold its Watson Health unit for an undisclosed amount to private equity firm Francisco Partners. Now, Watson has given way to WatsonX, and IBM is trying to ride the latest boom in AI. The platform includes a feature for AI-generated code, an AI governance toolkit, and a library of thousands of large-scale AI models, trained on language, geospatial data, IT events and code, according to a release. IBM is partnering with HuggingFace, the buzzy AI startup and open source platform that reached a $2 billion valuation last year. "We allow an enterprise to use their own code to adapt the model to how they want to run their playbooks and their code," Krishna said.

☆ IBM CEO Arvind Krishna says A.I. will make more jobs than it will replace
▼ + stars: | 2023-05-09 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIBM CEO Arvind Krishna says A.I. will make more jobs than it will replaceIBM CEO Arvind Krishna joins 'Closing Bell Overtime' to discuss IBM's latest moves in the A.I. space, the impact of A.I. on the workforce, and more.

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